DiamondBuzz
The right time to Increase De Beers stake: Botswana’s mines minister
Botswana’s mines minister Bogolo Kenewendo says it’s “absolutely” the right time to discuss the government increasing its 15 per cent stake in De Beers.
She indicated that Anglo American, which owns the other 85 per cent of De Beers, was moving closer to an initial public offering (IPO) and that Botswana was pushing for a larger stake.
Anglo announced last week that it was likely to write down the value of De Beers from its current $7.6bn, as a result of persistent weak diamond demand, especially in China.
Botswana’s diamond, which accounts for over 70 per cent of the country’s export earnings, has been severely hit by the global slump in demand.
In the last nine months of 2024 Debswana – its 50/50 joint venture with De Beers it sold $1.53bn of rough, down 52 per cent on the same period in 2023.
DiamondBuzz
Antwerp Records First Global Tender Of Fully Traceable Artisanal Diamonds From DRC
OrigemA Initiative Opens International Market Access For Small-Scale Miners, Promoting Transparency, Fair Pricing and Responsible Sourcing Across The DRC’s Artisanal Diamond Sector.
In a landmark development for the diamond industry, a parcel of fully traceable artisanal rough diamonds from the Democratic Republic of Congo (DRC) has been sold internationally for the first time, highlighting growing efforts to strengthen responsible sourcing and improve market opportunities for artisanal mining communities.
The 103.77-carat parcel, sourced from the Kasai region, was presented through a public tender in Antwerp organised by Bonas-Couzyn under the OrigemA project. The initiative was launched in 2022 through a collaboration between the Antwerp World Diamond Centre (AWDC), the DRC Ministry of Mines, NGO Resolve, and technology partner Everledger, with support from Belgium’s Federal Public Service Foreign Affairs.
The OrigemA programme currently works with six mining cooperatives across the Kasai and Kasai-Central provinces, supporting an ecosystem that provides livelihoods to nearly three million people. The inaugural parcel, valued at approximately US$6,000, originated from the Kamana Ndeke mine and was produced by the COMIDIANZ cooperative.
According to Karen Rentmeesters, CEO of AWDC, the initiative was designed to tackle longstanding barriers faced by artisanal miners in the DRC. She noted that many cooperatives have historically struggled to access international buyers, often preventing them from receiving fair market value for their production.
Belgium’s Foreign Minister Maxime Prévot revealed that the country’s Peacebuilding Fund had invested €200,000 in the project. He described the Antwerp sale as a significant achievement for both the OrigemA programme and the COMIDIANZ cooperative, marking an important step in connecting artisanal producers with global markets.
Beyond market access, the project has also focused on improving mining standards. To date, around 450 miners have received training in safe and sustainable mining practices, while participating sites have benefited from initiatives aimed at enhancing productivity and operational efficiency.
With the DRC estimated to account for nearly 70% of global artisanal diamond production, programmes such as OrigemA are expected to play a vital role in strengthening transparency, supporting local communities, and creating a more inclusive and responsible diamond supply chain.
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